Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1887-09-30
THE CALIFORNIA BOOM.
1t Is Only the Few Successful Ones
Who Write Bsck-Fhe Men Who
Fail Endure in Silence.
Letter from Man Who Went and saw
and Now Utters tho Word in Sea
son TO ali Otherr
San Angelo Record.

spread with the rcpidiiy of lightning over
the states and over 81 the world, there
were but few who beard and could with
stand. People from all quarters OF tee
world, men, women and children. old
and young, were tioCking into the newly
discovered Eden, expecting 20 mske 8
fortune, and Ii'iug III the nope Of being
enabled to spend the rest OF their lives
in ease and abundance in their mother
countries. Few only OF the many who
went il search OF riches to the far west
ssW their expectations realized. Large
numbers returned poorer to the cour-
tries which they had left full Of hope. of
strength and energy, hign spirited and
ambitious, VITA hopes disappointed, their
strength and spirit broken, aGd their only
desire ID die IL the country which had
given them birth. Others who had not
the means 10 return or wanting II force
tate TO yield return for their endeav ors,
found sCanty subsistence in the Chase.
They became the pioneers Of civilization
IN California. Tie stste soon became
sale and secure, q second generation grew
up, and this, with immigrants, wae came
/ to settle with the purpose Of securing
/ homes, showed 80 the world that
7
we're 10 DC found In her fruitful ana in
eXhSustible soil, in leT sparkling streams
aud IN Ter saIubri0us climate P1puIs-
/ ticn Increased from year 30 Year, agrIcul-
ture, horticulture and industry were
furnishing aad the deVoiopmep. OF tne
country kept 81 equal pace with the in
crease of the populace, until ere many
years California was known TO BE- tae
richest state in the Union, gradually and
steadily increasing il W, Attn aad pJpu.a
ton. i few years ago E. number u pee
pie not satisfied with the gradual, stesdy
growth that had placed California in the
front rank of the sisterbuod of
states, began to manufacture su
! artificial development ta8t was
calculated to enTIcn the movers Of thts
scheme. Newspapers commenced 70 talk
of boom which would strike the ccur-
| try, and though nohady could give =
correct end exact definition OF the ward
everybody was Satisfied tla. i. meant
something similar TO the discovery Of the
gold mines, that It would m.ke men rich
without effort and without meeus
SpeculGt0rs r0Ck hold Of The NOV 1neut,
| If it was not altogether started by them,
and the warnings OF & few sound minds,
tlndlng 10 IuStlfying Cause for the move
ment and f0reSeeirg Z reaCtioJ, We're ao-
heard CT listened 70. The boom hzs been
spreading Ike an epid4miC at
t.cking the people aud THROWING
them into the whir! which is now sweep
ing the country, perhaps to leave tno
NJ Jority poor and disappointed It is
now at rs height, eod real estate traDssc-
Gio2s recording the sale OF 81 ,G00000
worth OK property in towns 1he world
never hG7 heard Of before, are by 10
means G rsrIty- At San Diego We rs
member the purchase Of = few hundred
acres Of land for s. 900, 600. II seems
10 US ths1 It ought 10 De clear TO everyone
that this money invested II iaud sGi9in-
ing the metropolis Of the Usion could
hardly be expected to return 2 reason
able interest. The only vsY in
which an investment can be iaiged
OF and decided Is either good
or bad, is its ia+eTest producing CO
pacity on the price asked. It is, however,
6 Characteristic that aI investors who
place their money in place af .Cted with
boom lose sight OF this all important
factor. Everybody seems to BE- in 3 fe-
yer heat 10 secure property st any pr!ce,
firmly expecting that they viii tad u
hundred chances 10 sell TO somebody else
before interest could be expected from
his investment. Applying this criterion
TO California realty ct TIE pres-ns day
they cannot be considered aesirahla as
Investments. 1t is evident that the
end must come and those that hold VIII
DC the losers. THIS il the fate OF
speculation in any article. Gambling
may be fascinating, but it is not safe
The future will teach that many have
sOwn, but that the few viii resp. If we
have succeeded in dTGWiCg the attention
Of the immigrant and Of the capitalist to
the fact that there Is no perCepti1le, sub
stantial cause for the enormous rise of
property values il California, and that d
conclusion drawn from the fact must lead
TO the truth that loss must follow, teen
we will be satisfied. 4 boom is noe what
we desire for our own country and state;
anyway, not that which is generally IN
derstood by this word. Our ohjec1
is to describe the state Of affairs 10
Texas in true ana intelligI0le Ian
guage, to invite the INN grant and cap
italist to settle ana invest after close in
speCtiOn. We endeavOr TO set forth the
re sources that our state and county
offers, snd If we maV be sometimes mis-
taken il estimating their value inYestiga-
tions before settlement end before in
vestment will set US right. But it is 8
fact that cannot be gsinszid that TeX1s is
in its Infancy, that but few Of her re-
sources ere developed, and we therefore
can promise homes to settlers and profit
able anC secure investments TO capitalists
Since writing the above We notice the
following in connection with the Cslifor-
Ma boom FROM 81 eye witness. We deem
comment unnecessary:
san DIEGO, CAL Aug 10 ISL
Editor FL Paso Inter Republics
In pursuance to the promise made to
you On the depot platform while passing
through your city on The 1s5 Of this
month, will endeevor 10 give you to-day
the impressions shat have gathered in
three weeks sCi0urn sc tais place and s
pretty vigorous effort TO make some
money out Of the sO-caued California
boom. AZ the entire history Of ny eX-
perience MAJ De cf value Il others, l viii
begin D7 stating what | believe told YOU
that | Was prompted t. come u San
Diego by the fact that neigh
DOR OF mine came here couple
OF months ago, or less, and
wrote back that he had cleared $500 on
$1,000 capital. | took TIE fever from
his letters, anu started with, | may say,
enough money to make very comfOrta-
BILE thing on the same ratio.
have not made any money. | can say
truthfully that | have not seen single
chance that cool-headed business man
would consider even reasonably safe, and
realize something that L ought 10 have
T. 10 +Lol